Wednesday, June 30, 2010

China Leading Right into the Pit

The decouplers have to be scratching there head. Keep believing that China is going to own everything in the world, just like Japan was going to own everything in the world, next they will probably say India will own everything in the world.

Shanghai Chart should look familiar to most by now.

Friday, June 11, 2010

Asia Trying to Extend the Game
Currency Controls Mount in Asia as Euro Hurts Exports
The world's biggest expected swings in foreign-exchange markets and the euro's record depreciation are prompting Asian exporters to seek currency controls.

Boy didn't see this coming. :) The Schiff's of the world that believe in decoupling are going to get their asses handed to them. That is not the system and that is not the game.

Thursday, June 10, 2010

Credit Collapse Continues

Z1 Report just released.

Not good... -$202B(q2q) for Q1 2010 at $52.126T from $52.902T in Q1 2009. Credit system is collapsing.

To put this in perspective, credit system was generating new credit at a $1.2T (quarterly) in 2007 at the peak, it is now down negative -$202B quarterly. New credit was being generated at around a $4.7T rate, now it is being destroyed at a -$.8T rate.

Party on Garth.

Tuesday, June 1, 2010

Interesting Take on Zerohedge

Interesting exchange at Zerohedge. This guy seems to indicate that the world will never run out of gold, hmmm, well, I can tell you I knew people that showed up at the bank and told me the doors were closed.

by Caviar Emptor
on Tue, 06/01/2010 - 13:33

The gold won't run out, the goods and services will simply be revalued. It's pretty simple.

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by Mako
on Tue, 06/01/2010 - 17:50

Yeah, because you were never able to supply the needed gold to support the system, sorry rewriting history and Math is going to fail.

Let me see the bank run during 1929, what exactly happen, you claim they didn't run out of gold, well, I think quite a few million people that showed up at the bank and they closed the bank would disagree with you.